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harina [27]
3 years ago
13

Reading from left to right, which list shows the tax types that proportionally increase with a rise in income?

Business
1 answer:
Murrr4er [49]3 years ago
3 0

Answer:

Regressive, proportional, progressive

Explanation:

There are three main tax categories: regressive, proportional, and progressive.

Regressive Tax

Regressive taxes are type f tax accessed as a percentage of the value of an asset purchased or possessed. Under this system, low-income earners tend to pay a higher amount compared to high income earners because it has no correlation with what the taxpayer earns or their income level.

Proportional Tax

In a proportional tax system, everyone irrespective of their income pay the same rate. This tax system affects everyone equally.

Progressive Tax

A progressive tax has it name implies is progressive in nature.The tax rate increases as the income level of the tax payer increases. Therefore high-income earning individuals pay more than low-income earning individuals

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3 years ago
At​ year-end, Simple has cash of $ 22 comma 000​, current accounts receivable of $ 80 comma 000​, merchandise inventory of $ 24
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Answer:

45.62 days

Explanation:

For computing the average number of days receivables, first, we have to calculate the account receivable ratio. The formula is shown below:

Account receivable ratio = Net credit sales ÷ Average accounts receivable

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Average account receivable = (Beginning account receivable balance + ending account receivable balance) ÷ 2

Now put these values to the above formula

So, the answer would be equal to

= $480,000 ÷ ($40,000 + $80,000 ÷ 2)

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According to Erik Erikson, in late adulthood, the individual reaches the eighth and final stage of the life span in which one re
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Answer and Explanation:

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